Conocophillips 10-Q for FY2026 Q2

Conocophillips (COP)

10-Q 2026-08-06 For: 2026-06-30

Added on August 06, 2026

About this 10-Q

Conocophillips filed this 10-Q on August 6, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $19.16B; up 36.8% from $14B a year earlier
Net income: $3.93B; up 99.4% from net income of $1.97B a year earlier
Diluted EPS: $3.23; up 107.1% from $1.56 a year earlier

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			Delaware			01-0562944
			(State or other jurisdiction of incorporation or organization)			(I.R.S. Employer Identification No.)


Title of each class	Trading symbols	Name of each exchange on which registered
Common Stock, $.01 Par Value	COP	New York Stock Exchange
7% Debentures due 2029	CUSIP—718507BK1	New York Stock Exchange


			Page
Commonly Used Abbreviations			1

Part I—Financial Information

Item 1. Financial Statements
Consolidated Income Statement			2
Consolidated Statement of Comprehensive Income			3
Consolidated Balance Sheet			4
Consolidated Statement of Cash Flows			5
Notes to Consolidated Financial Statements			6
Note 1—Basis of Presentation			6
Note 2—Inventories			6
Note 3—Acquisitions and Dispositions			6
Note 4—Suspended Wells and Exploration Expenses			6
Note 5—Debt			7
Note 6—Investments and Long-Term Receivables			7


Note 7—Guarantees			7
Note 8—Contingencies, Commitments and Accrued Environmental Costs			8
Note 9—Derivative and Financial Instruments			10
Note 10—Fair Value Measurement			14
Note 11—Accumulated Other Comprehensive Income (Loss)			16
Note 12—Changes in Equity			17

Note 13—Cash Flow Information			18
Note 14—Related Party Transactions			18
Note 15—Employee Benefit Plans			19
Note 16—Sales and Other Operating Revenues			20
Note 17—Earnings Per Share			21
Note 18—Segment Disclosures and Related Information			21
Note 19—Income Taxes			27

Note 20—New Accounting Standards			27
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations			28
Item 3. Quantitative and Qualitative Disclosures About Market Risk			49
Item 4. Controls and Procedures			49

Part II—Other Information

Item 1. Legal Proceedings			50
Item 1A. Risk Factors			50
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds			50
Item 5. Other Information			50
Item 6. Exhibits			51
Signature			52


Currencies		Accounting
$ or USD	U.S. dollar	ARO	asset retirement obligation
CAD	Canadian dollar	ASC	accounting standards codification
EUR	Euro	ASU	accounting standards update
GBP NOK	British pound Norwegian kroner	DD&A	depreciation, depletion and amortization
		EPS	earnings per share
Units of Measurement		FASB	Financial Accounting Standards Board
BBL	barrel
BCF	billion cubic feet	FIFO	first-in, first-out
BOE	barrel of oil equivalent	G&A	general and administrative
MBD	thousand barrels per day	GAAP	generally accepted accounting principles
MCF	thousand cubic feet
MM	million	LIFO	last-in, first-out
MMBOE	million barrels of oil equivalent	NPNS	normal purchase normal sale
MBOED	thousand barrels of oil equivalent per	PP&E	properties, plants and equipment
	day	VIE	variable interest entity
MMBOED	million barrels of oil equivalent per day
MMBTU	million British thermal units
MMCFD	million cubic feet per day	Miscellaneous
MTPA	million tonnes per annum	EPA	Environmental Protection Agency
		ESG	environmental, social and governance
Industry		EU	European Union
BLM	Bureau of Land Management	FERC	Federal Energy Regulatory Commission
CBM	coalbed methane
E&P	exploration and production	GHG	greenhouse gas
FEED	front-end engineering and design	HSE	health, safety and environment
FID	final investment decision	ICC	International Chamber of Commerce
FPS	floating production system	ICSID	World Bank’s International
FPSO	floating production, storage and		Centre for Settlement of
	offloading		Investment Disputes
G&G	geological and geophysical	IRS	Internal Revenue Service
JOA	joint operating agreement	OTC	over-the-counter
LNG	liquefied natural gas	NYSE	New York Stock Exchange
NGLs	natural gas liquids	SEC	U.S. Securities and Exchange
OPEC	Organization of Petroleum		Commission
	Exporting Countries	TSR	total shareholder return
PSC	production sharing contract	U.K.	United Kingdom
PUDs	proved undeveloped reserves	U.S.	United States of America
SAGD	steam-assisted gravity drainage
WCS	Western Canadian Select
WTI	West Texas Intermediate


	Millions of Dollars
	Three Months Ended June 30			Six Months Ended June 30
	2026		2025	2026	2025
Revenues and other income
Sales and other operating revenues	$	19,161	14,004	34,922	30,521
Equity in earnings of affiliates	239		315	486	707
Gain (loss) on dispositions	14		317	19	396
Other income	108		104	149	217
Total revenues and other income	19,522		14,740	35,576	31,841
Costs and expenses
Purchased commodities	6,712		5,085	12,995	11,273
Production and operating expenses	2,431		2,572	4,707	5,078
Selling, general and administrative expenses	188		250	381	441
Exploration expenses	75		81	184	198
Depreciation, depletion and amortization	2,983		2,838	5,889	5,584
Impairments	2		1	21	2
Taxes other than income taxes	793		572	1,400	1,123
Accretion on discounted liabilities	99		95	196	189
Interest and debt expense	182		232	380	437
Foreign currency transaction (gain) loss	(25)		(3)	(25)	27
Other expenses	—		—	3	6
Total costs and expenses	13,440		11,723	26,131	24,358
Income (loss) before income taxes	6,082		3,017	9,445	7,483
Income tax provision (benefit)	2,151		1,046	3,331	2,663


Net income (loss)	$	3,931	1,971	6,114	4,820

Net income (loss) per share of common stock (dollars)
Basic	$	3.23	1.56	5.00	3.80
Diluted	3.23		1.56	5.00	3.79
Weighted-average common shares outstanding (in thousands)
Basic	1,213,453		1,257,512	1,218,715	1,265,387
Diluted	1,214,255		1,258,998	1,219,492	1,266,815


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


Consolidated Statement of Comprehensive Income			ConocoPhillips


	Millions of Dollars
	June 30 2026		December 31 2025
Assets
Cash and cash equivalents	$	6,574	6,497
Short-term investments	1,118		484
Accounts and notes receivable, net	6,957		5,813



Inventories	1,879		1,873
Prepaid expenses and other current assets	2,667		865
Total current assets	19,195		15,532
Investments and long-term receivables	10,345		10,185

Net properties, plants and equipment (net of accumulated DD&A of $95,966 and $90,396, respectively)	91,248		93,239
Other assets	3,473		2,983
Total assets	$	124,261	121,939

Liabilities
Accounts payable	$	6,764	6,218


Short-term debt	462		1,020
Accrued income and other taxes	2,540		1,835
Employee benefit obligations	593		1,136
Other accruals	2,093		1,763
Total current liabilities	12,452		11,972
Long-term debt	22,828		22,424
Asset retirement obligations and accrued environmental costs	8,404		8,214
Deferred income taxes	12,387		12,237
Employee benefit obligations	933		969
Other liabilities and deferred credits	1,908		1,636
Total liabilities	58,912		57,452

Equity
Common stock (2,500,000,000 shares authorized at $0.01 par value)
Issued (2026—2,255,963,919 shares; 2025—2,253,518,282 shares)
Par value	23		23
Capital in excess of par	77,832		77,728
Treasury stock (at cost: 2026—1,054,626,440 shares; 2025—1,028,350,186 shares)	(79,251)		(76,217)
Accumulated other comprehensive income (loss)	(6,176)		(5,911)
Retained earnings	72,921		68,864
Total equity	65,349		64,487
Total liabilities and equity	$	124,261	121,939


	Open Position Long (Short)
	June 30 2026	December 31 2025
Commodity
Natural gas and power (BCF equivalent)
Fixed price	(43)	(15)
Basis	(23)	(17)


	Millions of Dollars
	Carrying Amount
	Cash and cash equivalents			Short-term investments
	June 30 2026		December 31 2025	June 30 2026	December 31 2025
Cash	$	504	543
Demand deposits	3,946		3,781
Time deposits
1 to 90 days	1,894		975	655	6
91 to 180 days				4	17
Within one year				4	8
U.S. government obligations
1 to 90 days	230		1,198	—	—
	$	6,574	6,497	663	31


	Millions of Dollars
	Amortized Cost Basis			Fair Value
	June 30 2026		December 31 2025	June 30 2026	December 31 2025
Major Security Type
Corporate bonds	$	1,044	953	1,042	959
Commercial paper	54		72	54	72
U.S. government obligations	260		268	258	270
U.S. government agency obligations	1		1	1	1
Foreign government obligations	14		18	14	18
Asset-backed securities	244		280	244	281
	$	1,617	1,592	1,613	1,601


	Millions of Dollars
	June 30, 2026					December 31, 2025
	Level 1		Level 2	Level 3	Total	Level 1	Level 2	Level 3	Total
Assets
Investments in debt securities	$	258	1,355	—	1,613	270	1,331	—	1,601
Commodity derivatives	901		332	69	1,302	306	230	68	604
Total assets	$	1,159	1,687	69	2,915	576	1,561	68	2,205

Liabilities
Commodity derivatives	963		137	133	1,233	354	124	60	538

Total liabilities	$	963	137	133	1,233	354	124	60	538


	Millions of Dollars
				Amounts Subject to Right of Setoff
	Gross Amounts Recognized		Amounts Not Subject to Right of Setoff	Gross Amounts	Gross Amounts Offset	Net Amounts Presented	Cash Collateral	Net Amounts
June 30, 2026
Assets	$	1,302	43	1,259	974	285	1	284
Liabilities	1,233		13	1,220	974	246	63	183

December 31, 2025
Assets	$	604	2	602	361	241	6	235
Liabilities	538		1	537	361	176	53	123


	Millions of Dollars
	Defined Benefit Plans		Unrealized Holding Gain/(Loss) on Securities	Foreign Currency Translation	Unrealized Gain/(Loss) on Hedging Activities	Accumulated Other Comprehensive Income/(Loss)
December 31, 2025	$	(335)	8	(5,602)	18	(5,911)
Other comprehensive income (loss)	16		(10)	(271)	—	(265)
June 30, 2026	$	(319)	(2)	(5,873)	18	(6,176)


Financial Statements			Table of Contents


Financial Statements			Table of Contents


Financial Statements			Table of Contents


Financial Statements			Table of Contents


	Millions of Dollars

	Common Stock
	Par Value		Capital in Excess of Par	Treasury Stock	Accum. Other Comprehensive Income (Loss)	Retained Earnings	Total
For the three months ended June 30, 2026
Balances at March 31, 2026	$	23	77,761	(77,231)	(6,028)	70,016	64,541
Net income (loss)						3,931	3,931
Other comprehensive income (loss)					(148)		(148)

Dividend declared ($0.84 per common share)						(1,025)	(1,025)

Repurchase of company common stock				(2,000)			(2,000)
Excise tax on share repurchases				(20)			(20)
Distributed under benefit plans			71				71
Other						(1)	(1)
Balances at June 30, 2026	$	23	77,832	(79,251)	(6,176)	72,921	65,349

For the six months ended June 30, 2026
Balances at December 31, 2025	$	23	77,728	(76,217)	(5,911)	68,864	64,487
Net income (loss)						6,114	6,114
Other comprehensive income (loss)					(265)		(265)

Dividends declared ($1.68 per common share)						(2,057)	(2,057)

Repurchase of company common stock				(3,006)			(3,006)
Excise tax on share repurchases				(27)			(27)
Distributed under benefit plans			104				104
Other				(1)			(1)
Balances at June 30, 2026	$	23	77,832	(79,251)	(6,176)	72,921	65,349


	Millions of Dollars
	Pension Benefits					Other Benefits
	2026			2025		2026	2025
	U.S.		Int'l.	U.S.	Int'l.
Components of net periodic benefit cost
Three months ended June 30
Service cost	$	11	8	14	8	1	1
Interest cost	19		35	23	31	2	2
Expected return on plan assets	(18)		(53)	(19)	(44)
Amortization of prior service cost (credit)	—		2	—	1	(1)	(6)
Recognized net actuarial loss (gain)	2		9	2	12	—	—
Settlements	5		—	—	—	—	—


Net periodic benefit cost	$	19	1	20	8	2	(3)

Six Months Ended June 30
Service cost	$	22	16	29	16	1	1
Interest cost	40		69	46	62	3	4
Expected return on plan assets	(38)		(106)	(38)	(89)
Amortization of prior service cost (credit)	—		2	—	1	(2)	(12)
Recognized net actuarial loss (gain)	4		18	5	23	—	—
Settlements	14		—	—	1	—	—


Net periodic benefit cost	$	42	(1)	42	14	2	(7)


	Millions of Dollars
Balance at December 31, 2025	$	378
Accruals	31
Benefit payments	(279)
Foreign currency translation adjustment	(3)
Balance at June 30, 2026*	$	127


	Millions of Dollars (except per share amounts)
	Three Months Ended June 30			Six Months Ended June 30
	2026		2025	2026	2025
Basic earnings per share

Net income (loss)	$	3,931	1,971	6,114	4,820
Less: Dividends and undistributed earnings
allocated to participating securities	13		7	19	17
Net income (loss) available to common shareholders	$	3,918	1,964	6,095	4,803
Weighted-average common shares outstanding (in millions)	1,213		1,258	1,219	1,265

Net income (loss) per share of common stock	$	3.23	1.56	5.00	3.80

Diluted earnings per share

Net income (loss) available to common shareholders	$	3,918	1,964	6,095	4,803
Weighted-average common shares outstanding (in millions)	1,213		1,258	1,219	1,265
Add: Dilutive impact of options and unvested
non-participating RSU/PSUs (in millions)	1		1	0	2
Weighted-average diluted shares outstanding (in millions)	1,214		1,259	1,219	1,267

Net income (loss) per share of common stock	$	3.23	1.56	5.00	3.79


Three Months Ended June 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	1,873	13,031	1,925	2,276	674	19,779	15	19,794
Intersegment eliminations	—		(3)	(621)	—	—	(624)	(9)	(633)
Consolidated sales and other operating revenues	1,873		13,028	1,304	2,276	674	19,155	6	19,161

Significant segment expenses*
Production and operating expenses	522		1,276	290	270	87	2,445	(14)	2,431
DD&A	346		2,147	133	241	107	2,974	9	2,983
Income tax provision (benefit)	159		722	104	1,033	110	2,128	23	2,151
Total	1,027		4,145	527	1,544	304	7,547	18	7,565

Other segment items
Equity in earnings of affiliates	—		—	—	(45)	(167)	(212)	(27)	(239)
Interest income	—		—	—	—	—	—	(80)	(80)
Interest and debt expense	—		—	—	—	—	—	182	182
Other**	324		6,299	457	431	148	7,659	143	7,802
Total	324		6,299	457	386	(19)	7,447	218	7,665

Net income (loss)	$	522	2,584	320	346	389	4,161	(230)	3,931
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $0.5 billion, $0.1 billion and $0.4 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income and Other expenses: Alaska, L48, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses: L48, Canada, EMENA, AP and Corporate
Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: L48
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate


Three Months Ended June 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	1,315	9,966	1,334	1,400	471	14,486	14	14,500
Intersegment eliminations	—		(3)	(486)	—	—	(489)	(7)	(496)
Consolidated sales and other operating revenues	1,315		9,963	848	1,400	471	13,997	7	14,004

Significant segment expenses*
Production and operating expenses	546		1,474	216	232	85	2,553	19	2,572
DD&A	361		2,003	143	198	118	2,823	15	2,838
Income tax provision (benefit)	47		382	50	593	67	1,139	(93)	1,046
Total	954		3,859	409	1,023	270	6,515	(59)	6,456

Other segment items
Equity in earnings of affiliates	—		(4)	—	(115)	(185)	(304)	(11)	(315)
Interest income	—		—	—	—	(2)	(2)	(65)	(67)
Interest and debt expense	—		—	—	—	—	—	232	232
Other**	226		4,709	290	255	58	5,538	189	5,727
Total	226		4,705	290	140	(129)	5,232	345	5,577

Net income (loss)	$	135	1,399	149	237	330	2,250	(279)	1,971
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.2 billion, $0.2 billion and $0.1 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions and Impairments: L48
Other income: L48, EMENA and Corporate
Purchased commodities and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA and AP

Selling, general and administrative expense, Exploration expenses and Taxes other than income taxes: Alaska, L48, Canada, EMENA, AP and Corporate
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: L48, EMENA and Corporate


Six Months Ended June 30, 2026	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	3,396	24,117	3,598	3,903	1,175	36,189	37	36,226
Intersegment eliminations	—		(9)	(1,277)	—	—	(1,286)	(18)	(1,304)
Consolidated sales and other operating revenues	3,396		24,108	2,321	3,903	1,175	34,903	19	34,922

Significant segment expenses*
Production and operating expenses	997		2,529	479	527	167	4,699	8	4,707
DD&A	698		4,198	285	480	210	5,871	18	5,889
Income tax provision (benefit)	251		1,117	131	1,758	170	3,427	(96)	3,331
Total	1,946		7,844	895	2,765	547	13,997	(70)	13,927

Other segment items
Equity in earnings of affiliates	—		—	—	(140)	(331)	(471)	(15)	(486)
Interest income	—		—	—	—	—	—	(189)	(189)
Interest and debt expense	—		—	—	—	—	—	380	380
Other**	634		12,277	1,021	667	275	14,874	302	15,176
Total	634		12,277	1,021	527	(56)	14,403	478	14,881

Net income (loss)	$	816	3,987	405	611	684	6,503	(389)	6,114
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $2.1 billion, $0.4 billion and $0.6 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: Alaska, L48, Canada, EMENA and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP
Selling, general and administrative expenses: L48, Canada, EMENA, AP and Corporate
Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Impairments: Alaska and L48
Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate

Other expenses: Alaska, L48, EMENA and Corporate


Six Months Ended June 30, 2025	Millions of Dollars
	Alaska		L48	Canada	EMENA	AP	Segment Totals	Corporate	Consolidated Total
Segment sales and other operating revenues
Sales and other operating revenues#	$	2,925	21,514	2,866	3,340	895	31,540	32	31,572
Intersegment eliminations	—		(3)	(1,033)	—	—	(1,036)	(15)	(1,051)
Consolidated sales and other operating revenues	2,925		21,511	1,833	3,340	895	30,504	17	30,521

Significant segment expenses*
Production and operating expenses	1,052		2,965	417	456	150	5,040	38	5,078
DD&A	716		3,907	274	417	237	5,551	33	5,584
Income tax provision (benefit)	186		830	131	1,515	131	2,793	(130)	2,663
Total	1,954		7,702	822	2,388	518	13,384	(59)	13,325

Other segment items
Equity in earnings of affiliates	—		(8)	—	(288)	(391)	(687)	(20)	(707)
Interest income	—		—	—	—	(4)	(4)	(139)	(143)
Interest and debt expense	—		—	—	—	—	—	437	437
Other**	509		10,628	606	584	131	12,458	331	12,789
Total	509		10,620	606	296	(264)	11,767	609	12,376

Net income (Loss)	$	462	3,189	405	656	641	5,353	(533)	4,820
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $2.7 billion, $0.4 billion and $0.4 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate
Other income: L48, Canada, EMENA, AP and Corporate
Selling, general and administrative expenses, Exploration expenses, Taxes other than income taxes and Accretion on discounted liabilities: Alaska, L48, Canada, EMENA, AP and Corporate
Purchased commodities: Alaska, L48, Canada, EMENA and AP

Impairments: L48 and EMENA

Foreign currency transaction (gain) loss: Canada, EMENA, AP and Corporate
Other expenses: EMENA and Corporate


Sales and other operating revenues by geographic location*	Millions of Dollars
	Three Months Ended June 30			Six Months Ended June 30
	2026		2025	2026	2025

U.S.	$	14,851	11,137	27,367	24,249









International	4,310		2,867	7,555	6,272
Worldwide consolidated	$	19,161	14,004	34,922	30,521


	Three Months Ended June 30
Industry Prices	2026	2025	Change
Brent ($ per BBL)	104.52	67.82	54	%
WTI ($ per BBL)	92.79	63.74	46	%
Henry Hub ($ per MMBTU)	2.90	3.44	(16)	%

Average Realized Prices
Crude ($ per BBL)	99.40	64.23	55	%
Bitumen ($ per BBL)	61.01	39.43	55	%

Gas ($ per MCF)	2.58	4.16	(38)	%
Total ($ per BOE)	62.33	45.77	36	%


	Dollars Per Unit
Average Sales Prices
Crude oil (per BBL)
Consolidated operations	$	99.47	64.21	86.70	67.92
Equity affiliates	66.95		65.87	68.46	71.15
Total crude oil	99.40		64.23	86.60	67.95

Natural gas liquids (per BBL)
Consolidated operations	24.43		20.51	22.29	22.60
Equity affiliates	45.20		48.93	45.97	50.72
Total natural gas liquids	24.54		20.98	22.51	23.11

Bitumen (per BBL)	61.01		39.43	55.80	42.30

Natural gas (per MCF)
Consolidated operations	1.60		2.99	2.47	3.88
Equity affiliates	5.62		6.91	5.76	7.24
Total natural gas	$	2.58	4.16	3.36	4.90


	Millions of Dollars
	Six Months Ended June 30, 2026
Revenues and Other Income	$	25,544
Income (loss) before income taxes*	6,030

Net income (loss)	6,114


					Millions of Dollars
Period	Total Number of Shares Purchased*	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs
April 1 - 30, 2026	2,803,098	$	123.61	2,803,098	$	24,357
May 1 - 31, 2026	6,543,505	119.35		6,543,505	23,576
June 1 - 30, 2026	7,700,334	113.31		7,700,334	22,704
	17,046,937			17,046,937






22			Subsidiary Guarantors of Guaranteed Securities (incorporated by reference to Exhibit 22 to the Quarterly Report on Form 10-Q of ConocoPhillips filed on April 30, 2026).

31.1*			Certification of Chief Executive Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.

31.2*			Certification of Chief Financial Officer pursuant to Rule 13a-14(a) under the Securities Exchange Act of 1934.

32**			Certifications pursuant to 18 U.S.C. Section 1350.

101.INS*			Inline XBRL Instance Document.

101.SCH*			Inline XBRL Schema Document.

101.CAL*			Inline XBRL Calculation Linkbase Document.

101.LAB*			Inline XBRL Labels Linkbase Document.

101.PRE*			Inline XBRL Presentation Linkbase Document.

101.DEF*			Inline XBRL Definition Linkbase Document.

104*			Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).


			CONOCOPHILLIPS

			/s/ Kontessa Haynes-Welsh
			Kontessa Haynes-Welsh
			Vice President, Finance and Controller

August 6, 2026


			/s/ Ryan M. Lance
			Ryan M. Lance
			Chairman and
			Chief Executive Officer


			/s/ Andrew M. O’Brien
			Andrew M. O’Brien
			Chief Financial Officer and
			Executive Vice President, Strategy and Commercial